Policy Influences on Economic Growth in OECD Countries: An Evaluation of the Evidence

OECD Economics Department Working Paper No. 246

104 Pages Posted: 2 Oct 2000

See all articles by Sanghoon Ahn

Sanghoon Ahn

Hitotsubashi University - Faculty of Economics

Philip Hemmings

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO)

Date Written: June 2000

Abstract

This paper examines the recent literature on economic growth with a focus on policy issues and evidence relevant to OECD countries. The review begins with an overview of developments in the theory of economic growth and also comments generally on the nature of evidence exploring the influences on growth. This is followed by an examination of issues relating to the link between growth and factors of production (physical and human capital). The third section of the paper assesses the evidence linking a number of other factors (or 'framework conditions') to growth, namely: macroeconomic policy; finance; trade and competition policy; 'social capital'; and, population and health issues.

Keywords: economic growth, productivity, OECD

JEL Classification: O40, F43

Suggested Citation

Ahn, Sanghoon and Hemmings, Philip, Policy Influences on Economic Growth in OECD Countries: An Evaluation of the Evidence (June 2000). OECD Economics Department Working Paper No. 246. Available at SSRN: https://ssrn.com/abstract=233129 or http://dx.doi.org/10.2139/ssrn.233129

Sanghoon Ahn

Hitotsubashi University - Faculty of Economics ( email )

Tokyo, 186-8601
Japan

Philip Hemmings (Contact Author)

Organization for Economic Co-Operation and Development (OECD) - Economics Department (ECO) ( email )

2 rue Andre Pascal
Paris Cedex 16, MO 63108
France
+33 1 45 24 76 69 (Phone)
+33 1 45 24 18 59 (Fax)

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